VimpelCom Earns BB+ Credit Rating from Morningstar (VIP)

Dakotafinancialnews.com  30.07.2015

 

VimpelCom has received a “BB+” credit rating from Morningstar, which suggests that the company is an above-average default risk. They also gave their stock a three-star rating. VimpelCom opened at USD 5.94 on July 30. The firm’s market cap is USD 9.94 bln. VimpelCom has a 52-week low of USD 5.06 and a 52-week high of USD 6.00. The firm has a 50-day moving average price of USD 5.16 and a 200-day moving average price of USD 5.24.

 

VimpelCom (NYSE:VIP) has received a “BB+” credit rating from Morningstar. The investment research firm’s “BB+” rating suggests that the company is an above-average default risk. They also gave their stock a three star rating. Other equities research analysts have also issued research reports about the company. Renaissance Capital downgraded VimpelCom from a “hold” rating to a “sell” rating and boosted their price target for the company from $4.40 to $5.10 in a report on Friday, May 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $5.35 target price on shares of VimpelCom in a research note on Friday, May 15th. Barclays reissued an “equal weight” rating and issued a $5.60 price objective (up from $5.20) on shares of VimpelCom in a research note on Monday, May 18th. Citigroup Inc. restated a “neutral” rating and issued a $6.30 target price (up from $5.30) on shares of VimpelCom in a report on Monday, May 18th. Finally, Bank of America upgraded VimpelCom from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, July 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.52. Shares of VimpelCom ( NYSE:VIP ) opened at 5.94 on Thursday. The firm’s market cap is $9.94 billion. VimpelCom has a 52-week low of $5.06 and a 52-week high of $6.00. The firm has a 50-day moving average price of $5.16 and a 200-day moving average price of $5.24. VimpelCom (NYSE:VIP) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters consensus estimate of $0.08 by $0.03. During the same quarter last year, the company posted $0.26 EPS. The company had revenue of $3.52 million for the quarter, compared to analyst estimates of $5.02 million. Analysts predict that VimpelCom will post $0.42 EPS for the current fiscal year. VimpelCom Ltd. ( NYSE:VIP ) is a Netherlands-based holding company. VimpelCom is a global provider of telecommunications services in 14 countries. The Company operates through six segments: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS). The company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies. The VimpelCom Group operates in Italy and emerging markets, which include companies operating in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. The operations of these companies cover a territory with a total population of approximately 740 million as of December 31, 2014. The Company provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy, WIND and Infostrada brands. As of December 31, 2014, the Company had 222 million mobile customers.

 

http://www.dakotafinancialnews.com/vimpelcom-earns-bb-credit-rating-from-morningstar-vip/297977/

 

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